20459 Hamburg, de
+49 (40) 609186-39
FAST Casualwear AG: IPO on 9 July
Price range between EUR 5.00 to EUR 6.00 / Offering volume of up to 1,725,000 shares / Offering period from 29 June until 5 July 2012
In its IPO, FAST is offering up to 1,725,000 shares in the context of a public offer made in Germany and Luxembourg. The public offering includes 1,500,000 New Shares originating from a capital increase and an over-allotment option of 225,000 shares of existing shareholders.
The price range of the shares lies between EUR 5.00 and EUR 6.00. This represents an offer volume of up to EUR 10.4 million. Given that all shares will be placed (including the overallotment option), the Company's free float will amount to approximately 21.3% of its total share capital.
The subscription period begins on 29 June and ends on 5 July 2012. On the final day of the Offering Period, retail and institutional investors will be able to submit orders until 12:00 CEST. The initial listing on the Prime Standard of the Frankfurt Stock Exchange is scheduled for 9 July 2012. Lead Manager, Sole Bookrunner and Global Coordinator is Kepler Capital Markets S.A., Frankfurt Branch.
The IPO prospectus was approved by BaFin and published on the website of FAST Casualwear AG at www.fast-casualwear.com.
FAST plans to use the net issue proceeds from the sale of the New Shares to strengthen the Company's financial position as well as to support the intended expansion of its activities and the implementation of its strategy. In particular, the Company aims to finance its growth by expanding its distribution network and production capacity. The Listing is also intended to enable the Company to sharpen its public profile and promote its fashion brand.
Total revenues of FAST grew from EUR 58.3 million in 2009 to EUR 82.2 million in 2011. Revenues with products under the FAST brand nearly doubled from EUR 30.9 million in 2009 to EUR 59.5 million in 2011. In the FAST OEM/ODM segment revenues also increased from EUR 15.9 million in 2009 to EUR 19.4 million in 2011. In the same period the total profit from operations (EBIT) almost tripled from EUR 5.9 million in 2009 to EUR 16.8 million in 2011, representing an EBIT margin of 20.4% in 2011 (2009: 10.1%).
A strong first quarter 2012 with revenues of EUR 21.1 million (first quarter 2011: EUR 16.8 million) and an EBIT of EUR 5.5 million (2011: EUR 2.9 million) indicate further highly profitable growth for the financial year 2012.
This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer is being made solely by means of and on the basis of a securities prospectus dated 28 June 2012, which is available on the Company's website at www.fast-casualwear.com.
This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in FAST Casualwear AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America.
This document is directed at and/or for distribution in the U.K. only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being together referred to as "relevant persons"). This document is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.
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